Expedia reports Q1 EPS $1.96, consensus $1.38

Reports Q1 revenue $3.43B, consensus $3.35B. Booked room nights grew 6%. Total gross bookings grew 13%, while B2B gross bookings grew 22% and B2C grew gross bookings 10%. Lodging gross bookings grew 13%. “Our first quarter results marked a strong start to the year, as we delivered double-digit bookings and revenue growth and drove meaningful margin expansion despite a dynamic macroeconomic environment,” said Ariane Gorin, CEO of Expedia (EXPE) Group. “Through disciplined execution of our strategic priorities, we achieved the highest first-quarter profitability in our history. Looking ahead, we remain confident in our ability to drive increasing value for travelers, partners, and shareholders.”